Thursday, May 3, 2012

Sonitel no longer looking for buyer

Niger’s parliament has voted to nationalise incumbent telecoms operator Sonitel, abandoning a renewed attempt to privatise the company launched last year, Reuters reports. ‘By this vote, the Niger Telecommunications Company has been nationalised and the capital is wholly owned by the state,’ said Hama Amadou, president of the country's National Assembly after the vote, adding that the move would allow the government to carry out investments in the company over the next five years. As previously reported by CommsUpdate, the government began looking for a new buyer for Sonitel and its mobile arm SahelCom in August 2011, after a deal to sell a stake in the company to Libya’s LAP Green Network for XAF31 billion (USD61.1 million) was scrapped the previous June.


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OVETEL Sonitel no longer looking for buyer

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